Islamabad, June 30 -- Pakistan's Oil and Gas Regulatory Authority (OGRA) announced a gas price hike for the majority of consumers, power plants, and industrial sectors, effective July 1, ARY News reported.

The announcement has been issued through a formal notification, which comes as part of the government's comprehensive approach to match electricity rates with cost recovery and regulatory compliance, as per ARY News.

The notification mentions that gas price in Pakistan will not be changed for domestic consumers in terms of tiered rates.

The monthly charges for home users will increase. People with some protection will now pay Pakistani Rupees (PKR) 600 each month, which is an increase from PKR 400. Those without protection will see t...